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US: Wall St opens muted after hot PPI keeps smaller rate cut in view
Wall Street’s main indexes were subdued at the open on Thursday (Sep 12) as a hot producer prices reading kept a smaller 25-basis point interest rate cut by the...
Opec again lowers 2024, 2025 global oil demand growth view
OPEC on Tuesday (Sep 10) cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also trimmed its expectation for next...
Australia’s Fortescue beats dividend payout view, shares rise
AUSTRALIA’S Fortescue reported a rise in annual profit on Wednesday (Aug 28), boosted by higher iron ore shipments from its Iron Bridge project, and announced a larger-than-expected final dividend,...
Australia’s Coles beats annual profit view on strong supermarket sales
COLES, Australia’s second-largest grocer, posted its annual profit above analysts’ estimates on Tuesday, fuelled by strong sales at its supermarkets and improved inventory management that effectively mitigated theft-induced stock...
Singapore dollar rises to 18-month high amid tighter policy view
THE Singapore dollar extended gains to an 18-month high versus the greenback as forecasts for the Monetary Authority of Singapore (MAS) to keep a tighter monetary policy relative to...
Siemens profit beats market view on software but outlook remains guarded
SIEMENS beat quarterly earnings forecasts on Thursday (Aug 8), helped by demand for electricity infrastructure and production software, but warned some customers were hesitant to invest amid uncertainty over...
Hilton lifts profit view as international travel offsets weak US demand
HOTEL operator Hilton Worldwide raised its forecast for 2024 profit after beating second-quarter estimates on Wednesday (Aug 7) as robust demand for international travel offset losses from normalising domestic...
Investors take long-term view as rate hike whipsaws Japan
This past week’s rate hike in Japan hammered the benchmark index the most in eight years. Despite the turmoil, some investors still have faith in the long-term outlook for...
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